The Effectiveness of National Economic Stimulus as a Countercyclical Policy of Covid-19 Outbreak

DOI

10.2991/aebmr.k.210311.065How to use a DOI?

Keywords

policy, stimulus, restructuring, debtors, banks

Abstract

President Joko Widodo asserted measures to mitigate the economic repercussions due to the COVID-19 outbreak. The Financial Services Authority administers a credit relief as stipulated in POJK Regulation No. 11/POJK.03/2020 concerning National Economic Stimulus as Countercyclical Policy to the Coronavirus Disease 2019 Outbreak (“POJK 11/2020”) to foster economic growth for debtors affected by the COVID-19. Micro, Small, and Medium Enterprises (MSMEs) debtors and banks are consequently permitted to grant relaxation in respect of credit requirements or to restructure loans. This study aimed to examine the national economic stimulus policy made by the Financial Services Authority (OJK, in Indonesia). Additionally, this study investigated the effectiveness of these measures

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Wenny Megawati
AU  - Rochmani
AU  - Adi Suliantoro
PY  - 2021
DA  - 2021/03/13
TI  - The Effectiveness of National Economic Stimulus as a Countercyclical Policy of Covid-19 Outbreak
BT  - Proceedings of the 3rd International Conference on Banking, Accounting, Management and Economics (ICOBAME 2020)
PB  - Atlantis Press
SP  - 328
EP  - 331
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210311.065
DO  - 10.2991/aebmr.k.210311.065
ID  - Megawati2021
ER  -